Which one has a 12" blade? The only ones I have found have a 10.25" blade. With my concern about losing 2 vertical inches to the makita, I would love to look at the 12" blade if there is one.
The Kapex 120 uses indeed a 260 mm blade. However it has a special mode for cutting crown moldings and other pieces which one wants/needs to place vertically to the fence. This allows up to 120 mm (4
3/4") high cuts with the saw operating in a "chop saw" mode for this.
This allows it to "compete with" 12" saws for the casual carpentry tasks.
This is also the distinction of the KAPEX 88 in Europe which does not have this "special" mode and is cheaper by it. From the name, the full-depth cutting capacity is 88 x 305 mm aka 3
1/2" x 12". The 12" may come also from that in some places.
Check the comprehensive table under "technical data" on festool.com, the cut possibilities are described way better than the US site:
https://www.festool.com/products/semi-stationary-work/sliding-compound-mitre-saws/575302---ks-120-reb#UsageTo not repeat what was written here ofver KAPEX counless times, your best bet is to check out some Youtube videos from Peter Parfit and the likes to get a bit better glimpse of what the saw is about.
I advise *against* comparison videos with other makes as they mostly focus on raw performance which is not a metric KAPEX is aimed at - i.e. those comparisons make little sense. If one needs a good-enough carpentry slider, one should not look at KAPEX to begin. And when one looks for accuracy, those carpentry-focused comparisons are a waste of time at best while misleading at worst.
EDIT: link to festool.com with details of cut capacity